The case involves an application (MA/179/2019) in a corporate insolvency resolution process (CP/39/IB/2018). The Resolution Professional and counsel are present. Counsel for descending financial creditors filed objections on behalf of M/s. Assam Global Trade and M/s. Palak HR, which were adopted by Ms. Sujatha Mehta. Counsel for shareholders with 38% shareholding is present and states that the summary of the Resolution Plan has been served as directed on 2019-04-06.
The Resolution Professional and counsel are present. Counsel for descending financial creditors filed objections on behalf of M/s. Assam Global Trade and M/s. Palak HR, which were adopted by Ms. Sujatha Mehta. Counsel for shareholders with 38% shareholding is present and states that the summary of the Resolution Plan has been served as directed on 2019-04-06. The competency of the Resolution Applicant to file the Resolution Plan is being questioned. The Resolution Professional has filed a format bringing appropriate changes in relation to the constitution of Committee of Creditors, which is being done pursuant to the order passed by this Bench in MA/573/2018 on 27.03.2019.
Sign in to view the parties.
Hearing held a…
Corporate Ins…
The case involves an application (MA/179/2019) in a corporate insolvency resolution process (CP/39/IB/2018). The Resolution Professional and counsel are present. Counsel for descending financial creditors filed objections on behalf of M/s. Assam Global Trade and M/s. Palak HR, which were adopted by Ms. Sujatha Mehta. Counsel for shareholders with 38% shareholding is present and states that the summary of the Resolution Plan has been served as directed on 2019-04-06.
The Resolution Professional and counsel are present. Counsel for descending financial creditors filed objections on behalf of M/s. Assam Global Trade and M/s. Palak HR, which were adopted by Ms. Sujatha Mehta. Counsel for shareholders with 38% shareholding is present and states that the summary of the Resolution Plan has been served as directed on 2019-04-06. The competency of the Resolution Applicant to file the Resolution Plan is being questioned. The Resolution Professional has filed a format bringing appropriate changes in relation to the constitution of Committee of Creditors, which is being done pursuant to the order passed by this Bench in MA/573/2018 on 27.03.2019.
Hearing held a…
Corporate Ins…